The Alder, a newly constructed, 300-unit multifamily community in the Denver area, has been acquired by Legal General, a global asset management firm, from Century Living for $97.2 million, according to Douglas County records. The acquisition was made on behalf of LG’s Institutional Retirement b usiness, which will serve as the sole investor. “We are delighted to add The Alder to our U.S. portfolio, building on the momentum from our other acquisitions this year,” said Alexia Gottschalch, Head of U.S. Real Estate Equity, Asset Management at LG. The Alder apartments, completed in 2025, offers spacious one-, two- and three-bedroom residences, premium finishes and a full suite of modern amenities including a resort-style pool, fitness center, coworking spaces and petfriendly green areas. (Photo provided by LG – Asset Management) Completed in 2025, The Alder offers one-, two- and three-bedroom apartment homes, ranging from 550 to 1,429 square feet. The property is at 15091 Belford Ave. in Parker, one of the Denver area’s fastest-growing suburbs, providing access to major employment centers, top-rated schools and nearby retail and recreational destinations, according to LG. LG said the property has demonstrated strong lease-up performance and has attracted a high-quality resident base. Amenities at the property include a resort-style pool with a tanning deck, 25-yard lap lane and spa, as well as a 24-hour gym, glass-enclosed yoga studio and outdoor fitness lawn, according to the apartment website. Additional features include coworking spaces, a resident coffee bar, a clubroom with TVs and a billiards table, and an outdoor kitchen with covered dining. As a long-term strategic partner, Taurus Investment Holdings will oversee the execution of The Alder’s business plan. As part of this strategy, Taurus will also work with EcoSmart Solution to install solar panels at The Alder. LG holds a minority stake in Taurus, which was established in October 2024. The Alder acquisition marks LG’s fourth multifamily purchase in the past 12 months and follows the firm’s November acquisition of Outlook Golden Ridge in Golden. CBRE arranged the sale of Outlook Golden Ridge, a 177-unit apartment community in Golden, to LG – Asset Management, America in November 2025. (Photo provided by CBRE) LG said they will continue to expand their U.S. real estate portfolio. Related Articles Neighborhood drug store in Denver’s Sunnyside neighborhood sells for $650k Average US long-term mortgage rate ticks down to 6.18% this week Federal Heights apartment complex sells for over $50 million Is metro Denver’s weak condo market signaling wider troubles ahead? Colorado real estate investor sues Adams County over increased valuations Founded in London in 1836 as the Legal General Life Assurance Society. LG has grown into a major global investor across public and private markets. LG’s Asset Management business oversees $1.533 trillion in assets under management for more than 2,900 institutional clients, including individual savers, pension scheme members and global institutions. Founded in 1997, Taurus Investment Holdings LLC is a global real estate investment and development firm headquartered in Boston. T Get more business news by signing up for our On The Block newsletter. ...read more read less